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Europe News

By: ReutersUpdated 5 hours ago
Polyus, Russia's largest gold producer, said on Thursday its 2018 production was likely to be at the upper end of the forecast range of 2.375-million to 2.425-million troy ounces.
Speaking on the sidelines of the St Petersburg economic forum, Polyus CEO Pavel Grachev also said the company's... →

By: Anine KilianUpdated 6 hours ago
Neil Herbert has been appointed nonexecutive chairperson of Aim-listed IronRidge Resources with immediate effect. He succeeds Nick Mather, who will remain on the board as a nonexecutive director. →

By: Anine KilianUpdated 6 hours ago
Signet Jewelers will become the first retailer to join De Beers Group's end-to-end diamond blockchain pilot programme, known as Tracr. Tracr aims to complete the first digital link all the way from diamond production through to retail. →

By: Anine KilianUpdated 6 hours ago
Aim-listed Katoro Gold on Thursday confirmed that there was good upside potential for the further development of its Imweru gold project, in Tanzania. The company assessed the economic viability of the project, based on the results of a prefeasibility study and the new mining legislation and... →

By: Simone LiedtkeUpdated 6 hours ago
The commissioning of Pan African Resources’ Barberton Mines Tailings Retreatment Plant (BTRP) regrind mill will be completed this week, on schedule and on budget. The gold producer on Thursday said BTRP is expected to reach an annualised gold production of 21 000 oz in the next month. →

By: Simone LiedtkeUpdated 7 hours ago
Petra Diamonds’ share price on the LSE fell by more than 20% on Thursday after it announced plans to raise $178-milion, or about £133-million, through a fully underwritten 5 for 8 rights issue. The diamond miner, which has operations in South Africa and Tanzania, said its cash flow generation... →

By: ReutersUpdated 7 hours ago
The spotlight in the cobalt market has been fixed on electric vehicles but shrinking supply and robust demand from traditional sectors such as jet engine makers are helping fuel a price rally that shows no signs of fading. Cobalt in recent years has become synonymous with electric vehicles as it... →

By: Martin Creamer24th May 2018
Platinum mining company Northam has increased its funding capacity to tide it over a capital intensive development period. A new R1-billion two-year unsecured revolving credit facility to April 2020 is augmenting a previous R2-billion unsecured revolving credit facility to November 2021, taking... →

By: Reuters24th May 2018
Anglo Asian Mining, which focuses on copper, gold and silver mining in Azerbaijan, said on Thursday it was considering paying its first dividend now that it had reported a profit, cut debt and built up cash.
A dividend would set Anglo Asian apart from many London-listed junior miners, which... →

By: Mariaan Webb24th May 2018
Copper miner Atalaya Mining has posted a 54% increase in its first-quarter profit, on the back of stronger copper prices and an increase in concentrate volumes sold.
After-tax profit increased from €5.7-million, or 4.8c a share, in the first quarter of 2017, to €8.8-million, 6.5c a share, in... →

By: Reuters24th May 2018
The European Commission has opened an investigation into hot-rolled steel sheet piles imported from China to determine whether they are being dumped in Europe, according to a notice in the EU Official Journal on Thursday. The investigation into a form of steel used in construction was launched... →

By: Bloomberg24th May 2018
United Co Rusal’s CEO resigned after less than three months in the role, as the Russian firm warned that trade partners and international lenders could cut ties with the company if US sanctions aren’t lifted after October 23.
The world’s biggest aluminum producer outside China also said the... →

By: Henry Lazenby24th May 2018
The global refined copper balance for the first two months of this year indicates a surplus of about 110 000 t, a 12.8% drop year-on-year, the International Copper Study Group has found. The Lisbon, Portugal-based think tank said apparent refined demand increased 3.9% year-on-year to 3.77-million... →

By: Henry Lazenby24th May 2018
London-based base metals company Antofagasta said on Wednesday it expects a shortfall of copper to emerge because of the slow rate at which new mines are permitted and built. Antofagasta chairperson Jean-Paul Luksic said at the company's annual general meeting that the emergence of new sources of... →

By: Henry Lazenby24th May 2018
TSX-listed project developer Euro Sun Mining reported on Wednesday that the mining licence for its flagship Rovina Valley copper/gold project, in Romania, is working its way through government, with the National Agency for Mineral Resources and the Secretary General of Government (SGG) having... →

By: Bloomberg23rd May 2018
A streaming deal for cobalt and nickel from a mine in Papua New Guinea may foreshadow other similar arrangements as producers look to capitalise on the battery-commodity boom to raise cash for investments.
On Tuesday, Cobalt 27 Capital – a Toronto-listed vehicle designed to invest in the metal –... →

By: Creamer Media Reporter 23rd May 2018
Gold miner Petropavlovsk and Hong Kong-based IRC, in which it is a large shareholder, are continuing negotiations with the Industrial and Commercial Bank of China (ICBC) to amend the repayment schedule of a $340-million project finance facility.
Petropavlovsk is the guarantor of the project... →

By: Creamer Media Reporter 23rd May 2018
The West Kytlim alluvial platinum mine, in the Ural mountains of Russia, is fully operational and is producing an average of 1.8 kg a day of raw platinum, Aim-listed Eurasia Mining reported on Wednesday.
In the first two weeks of production, the mine produced 11.8 kg at a suggested average grade... →

By: Marleny Arnoldi23rd May 2018
Aim-listed investment company Armadale Capital has rapidly advanced the high-grade Mahenge Liandu graphite project, in Tanzania, during 2017, ahead of an anticipated decision to mine in early 2019.
→

By: Marleny Arnoldi23rd May 2018
Aim-listed tin development company AfriTin Mining hopes to raise £5.5-million in an accelerated bookbuild to fast-track the work programme at its flagship Uis mine, in Namibia.
→

Photo by Creamer Media
Terence Goodlace, who has been appointed a nonexecutive director of AfriTin

By: Reuters23rd May 2018
British mining and energy group Vedanta Resources is working with regulators to expedite restarting its copper smelter in the southern Indian state of Tamil Nadu, it said on Wednesday, a day after protests turned violent at the plant.
The company also posted a 27% rise in full-year core profit... →

By: Martin Creamer23rd May 2018
The Gamsberg zinc project in South Africa’s Northern Cape is on track with production expected by the middle of this year, the London-listed, India-rooted Vedanta Resources said on Wednesday, when it reported higher revenue and profits and lifted its dividend yield for the year to 6%. Current... →

By: Mariaan Webb23rd May 2018
Dual-listed Aura Energy has identified a new high-grade vanadium zone at its Häggån project in Sweden, resulting in an overall mineral resource estimate increase.
Resource modelling defined an inferred resource of 15.1-billion pounds at 0.26% of vanadium pentoxide (V2O5), at a cut-off of 0.1%.... →

By: Esmarie Swanepoel23rd May 2018
The Australian resources sector has welcomed the start of free trade agreement (FTA) negotiations between Australia and the European Union (EU), with the Minerals Council of Australia (MCA) saying it would present a significant opportunity to boost trade, investment and economic engagement... →

By: Esmarie Swanepoel23rd May 2018
Rare earths developer Peak Resources has been granted planning permission for the Teesside refinery, in the UK by the Redcar and Cleveland Borough Council.
The planning permission is the approval required for the construction of the planned rare earth separation plant, with the environmental... →

By: Creamer Media Reporter 23rd May 2018
The National Atomic Company of Kazakhstan (Kazatomprom) has expanded the sales geography in the world nuclear fuel market, with a contract to sell uranium to Brazil.
Kazatomprom said on Wednesday that it had won the bid for the supply of natural uranium concentrates to State-owned nuclear fuel... →

By: Reuters22nd May 2018
Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminium, the World Trade Organization said on Tuesday, bringing the total US tariff bill to around $3.5-billion annually. The three countries detailed their compensation claims in... →

By: Simone Liedtke22nd May 2018
Aim-listed Bushveld Minerals’ coal and energy subsidiary Lemur Holdings has executed a 30-year concession agreement with the Madagascar government for the development, construction, operation and maintenance of the Imaloto integrated thermal coal and power project. The concession comes on the... →

By: Reuters22nd May 2018
Greece aims to resolve a long-standing standoff with Canada's Eldorado Gold over its development plans in the coming weeks, the Energy Ministry said on Tuesday.
The differences between Eldorado and the government over the miner's plans to produce gold and other metals in the northern Greek... →

By: Creamer Media Reporter 22nd May 2018
Russian diamond miner Alrosa has successfully held its first auction in two years in the US, following the recent reopening of its representative office in New York.
The New York office was first opened in 2006, but has not operated since 2016. →

By: Creamer Media Reporter 22nd May 2018
Fluorspar junior Tertiary Minerals is continuing negotiations to potentially acquire a project, which has the potential to generate revenue in the near term.
Early stage due diligence and negotiations were progressing, Tertiary said on Tuesday in its operational report for the six months to... →

By: Creamer Media Reporter 22nd May 2018
Exploration company Ferrum Crescent, which will soon be known as Europa Metals, has completed a fundraising to progress resource delineation and to commission an initial scoping study at its lead/zinc project, in Spain.
The company on Tuesday issued new shares and options to raise about... →

By: Creamer Media Reporter 22nd May 2018
Aim-listed Bluejay is gearing up for an exploration programme to get under way at the Iterlak discovery, which forms part of its Dundas ilmenite project, in Greenland.
Bluejay has set itself a target of delivering a maiden resource at Iterlak of more than 100-million tonnes of material at an... →

By: Esmarie Swanepoel22nd May 2018
Mining major Rio Tinto has called for less interference at the Oyu Tolgoi copper and gold mine, in Mongolia, as it advances underground development.
Rio’s copper and diamonds CEO Arnaud Soirat told delegates at the Mongolian Economic Forum that the Oyu Tolgoi development would be used as a... →

By: Bloomberg21st May 2018
It’s becoming hard to keep track of all of Glencore’s legal battles in the Democratic Republic of Congo.
The world’s biggest commodity trader is facing the possibility of a bribery investigation by British prosecutors over its work with Dan Gertler, an Israeli billionaire and close friend of... →